John Renfrow with Renfrow Realty in Montrose, CO announced the sale of the Valley View Plaza, a 37,589 sq. ft. retail center located at 1410 Valley View in Delta, to CY Management, LLC, an investment firm. Purchase price was $2,250,000.
John Renfrow of Renfrow Realty in Montrose, agent for the property said, “The center is one of only two similar shopping centers within a 20-mile area. Major tenants include Sherwin Williams, Hibbett Sports and Oxygen Plus. The new owners purchased the property as an investment because of its excellent cash flow.”
Built in 2005, the building has a stucco exterior, 4? thick concrete floors, metal roof and double pane windows. The lighted parking area has space for nearly 200 vehicles, including handicapped parking. Each retail area has its own electric and gas meter. Dick Sherwin of Re/Max Tradition was co-op broker in the transaction.
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